The National Endowment Association has published an annual ranking of Russian management companies working with endowment funds (EF). Center-invest Bank was ranked 15th.
Endowment funds are an effective financial instrument for the efficient support of education and science by business. The endowment will be built up from the founders’ funds, individual donations and public fundraising.
Center-invest Bank currently manages the capital of four endowment funds for the South of Russia with total assets of 430 million rubles:
- "Education and Science of the Southern Federal District" Endowment Fund
- Southern Federal University Endowment Fund
- Don State Technical University Endowment Fund
- Rostov State University of Economics Endowment Fund.
The bank manages the endowment funds of major universities with a conservative investment strategy and promotes the development of an endowment culture in the region. In 2022, the Bank has increased the endowment funds of the Southern Federal University, the Don State Technical University, and the Rostov State University of Economics (RINH) by 3 million rubles each.
The first endowment fund in Russia, "Education and Science of the Southern Federal District", was created by the shareholders and clients of Center-invest Bank in 2007. This is currently the largest endowment fund in the southern part of the country, a real and effective financial instrument for targeted support of education and science in Southern Russia. In 2024 Center-invest Bank increased the capital of the "Education and Science Endowment Fund of the Southern Federal District" to 307 million rubles.
Every year, Center-invest Bank and the "Education and Science of the Southern Federal District" Fund award scholarships and grants totalling over 12.5 million rubles. More than 40,000 students from 24 leading universities in the Krasnodar Territory, Rostov and Volgograd Regions, Nizhny Novgorod, Astrakhan and the Republic of Adygea took part in the competitions sponsored by the Fund.
For more than 30 years, Center-invest Bank has been successfully implementing social and educational projects aimed at the development of present and future generations, supporting programs for the development of youth initiatives and improving the quality of education in Russia.